Insider Selling: Applied Optoelectronics, Inc. (NASDAQ:AAOI) Director Sells 8,162 Shares of Stock

Applied Optoelectronics, Inc. (NASDAQ:AAOI) Director Richard B. Black sold 8,162 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $37.18, for a total transaction of $303,463.16. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Applied Optoelectronics Trading Up 13.2 %

Shares of Applied Optoelectronics stock opened at $41.22 on Monday. The company has a market cap of $1.86 billion, a price-to-earnings ratio of -20.01 and a beta of 1.96. Applied Optoelectronics, Inc. has a 1 year low of $6.70 and a 1 year high of $43.05. The company’s fifty day simple moving average is $21.50 and its 200-day simple moving average is $14.11. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. CANADA LIFE ASSURANCE Co acquired a new stake in Applied Optoelectronics during the first quarter worth about $46,000. Pingora Partners LLC acquired a new stake in shares of Applied Optoelectronics during the 3rd quarter worth approximately $82,000. FMR LLC increased its position in shares of Applied Optoelectronics by 3,290.6% during the third quarter. FMR LLC now owns 6,137 shares of the semiconductor company’s stock valued at $88,000 after purchasing an additional 5,956 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Applied Optoelectronics by 272.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,281 shares of the semiconductor company’s stock valued at $77,000 after purchasing an additional 6,787 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in Applied Optoelectronics in the second quarter worth $89,000. Institutional investors own 61.72% of the company’s stock.

Analyst Ratings Changes

AAOI has been the topic of a number of recent research reports. B. Riley cut their price target on shares of Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Raymond James raised their target price on Applied Optoelectronics from $17.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Northland Securities upped their price target on Applied Optoelectronics from $18.00 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. StockNews.com raised Applied Optoelectronics to a “sell” rating in a research note on Friday, October 25th. Finally, Rosenblatt Securities upped their price objective on shares of Applied Optoelectronics from $20.00 to $27.50 and gave the stock a “buy” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $18.70.

Applied Optoelectronics Company Profile

Applied Optoelectronics, Inc designs, manufactures, and sells fiber-optic networking products in the United States, Taiwan, and China. It offers optical modules, optical filters, lasers, laser components, subassemblies, transmitters and transceivers, turn-key equipment, headend, node, distribution equipment, and amplifiers.